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Posthaste: What capital exodus? As many as 4,000 rich folks migrated to Canada — the third highest inflow in the world

Wealthy migrants made a beeline for Canada last year, according to a new report.Photo: MARK RALSTON/AFP/Getty Images

Yadullah Hussain

Published: April 30, 2019 - 8:43 AM

Good morning!

Lack of pipelines cost Canadian oil companies around $20.6 billion in forgone revenues last year alone, according to a new Fraser Institute study.

Canada is home to 41 billionaires, and just over 350,000 high net worth individuals, making it the eight largest market for wealthy residents anywhere in the world — according to a new report by Johannesburg-based New World Wealth. The country also saw 4,000 HNWIs migrating to the country last year, the the third largest inflow in the world after Australia and the United States.

And Apple Inc., which has seen its market value surge US$300 billion since its 21-month low in January, will get a chance to prove its rebound has legs when it reveals its earnings after markets close.

Statistics Canada set to release GDP by industry for February at 8:30 a.m. ET. Analyst expecting 1.4% growth in GDP year-on-year, and flat month-on-month

Sylvain Ricard, interim auditor general of Canada, provides a briefing to the Commons public accounts committee. At 9:15 a.m., auditors from Ricard’s office, Canada Mortgage and Housing Corporation chairman Derek Ballantyne and president Evan Siddall appear on a special 2018 audit

The Parliamentary Budget Officer posts a new report titled “Costing Budget 2019 Measures,” which provides an independent cost estimates of several measures announced in Budget 2019. in Ottawa

Stephen Poloz, governor of the Bank of Canada, and Carolyn Wilkins, senior deputy governor to speak in front of the finance committee

Air Canada and the National Airlines Council discuss the transport committee on clauses 225 to 279 (Part 4, Divisions 11 and 12) of Bill C-97 in Ottawa

The Senate Committee on Transport and Communications will conduct public hearings in Edmonton on Bill C-48, the Oil Tanker Moratorium Act

Alberta United Conservative Party leader and incoming premier Jason Kenney and his cabinet to be sworn in in Edmonton

Count canola producers among industries set to get relief from Ottawa, after Prime Minister Justin Trudeau said his government “will have an announcement coming out in a few days”. Canadian canola exports have been hit with Richardson International and Viterra, two of Canada’s biggest exporters, said their canola was no longer welcome in China. The Saskatchewan premier also wants Ottawa to take more action against China over canola.

Our question from yesterday: The federal Liberal government’s popularity sank to a new low this month, according to a new poll, but the Conservatives can’t be smug as there are still six months before voters cast their vote. Identify three key issues the government and the opposition should focus on to win the election. Send your news, comments and stories to yhussain@postmedia.com — Yadullah Hussain @YAD_FPenergy